Exports and re-exports reach $5.7 billion in July
The logistics sector again proved itself as the key driver of Dubai’s economy with Dubai Chamber members’ exports and re-exports reaching almost US$5.7 billion in July, the Khaleej Times reports.
This was a 21.6 per cent increase over July 2010, demonstrating that growth has returned to the local economy.
Speaking at the fourth annual Business Networking Suhoor, hosted by Dubai Chamber on Tuesday night, Abdul Rahman Saif Al Ghurair, chairman of Dubai Chamber of Commerce and Industry, said: “These positive figures are an excellent indicator of the strength of Dubai’s economy going forward through 2011 as they paint an extremely positive picture across the board for both Dubai Chamber members and the emirate’s overall economic growth,” the newspaper reports.
Al Ghurair reiterated that Dubai remains a safe haven for investors.
“Whatever the global economic situation, Dubai will continue to offer good returns and peace of mind to its investors,” he said.